Forex Reversal Pattern Binary Options Strategy
Forex Reversal Pattern Binary Options Strategy:
Reversal Pattern Strategy is a trading system based on the support and resistance lines draws by the 123 pattern indicator, this feature is very important because I can trades or trend following in the direction of the main trend or reversal.
The function of all the other indicators is to help make the best choice of trading in both trend and reversal.
This template is for trading with binary options or for scalping and day trading.
Time Frame 1 min, 5min, or 15 min.
Currency pairs: majors and minors.
Expiry time 1 min 5 candles, 5 min or 15 min 3 candles.
Metatrader 4 indicators setting
Zig Zag (12,5, 3).
UFX Trend (draws the channel trend ).
123 patterns (the main indicator).
Daily open line.
M5 cash M15 (fast ema 1 period, slow ema 50 periods, RSI 7 periods).
1a green dot timing trend indicator.
Heiken Ashi default setting.
RSI 3TF alerts
Example of trading rule for reversal trading
Wait that forms the support dot line of 123 patterns.
Heiken Ashi green bar,
1a green dot.
M5 cash M15 buy arrow.
RSI 3TF crosses upward.
Initial stop loss on the previous swing low.
Wait that forms the resistance dot line of 123 patterns.
Heiken Ashi red bar,
1a red dot.
M5 cash M15 sell arrow.
RSI 3TF crosses downwward.
Initial stop loss on the previous swing high.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Reversal Pattern Binary Options Strategy?
- Download Forex Reversal Pattern Binary Options Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall FForex Reversal Pattern Binary Options Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.